HAIVISION SYSTEMS INC (HAI.CA) Stock Fundamental Analysis
TSX:HAI - Toronto Stock Exchange - CA40531F1009 - Common Stock - Currency: CAD
We assign a fundamental rating of 4 out of 10 to HAI. HAI was compared to 12 industry peers in the Communications Equipment industry. While HAI seems to be doing ok healthwise, there are quite some concerns on its profitability. HAI has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
HAI had negative earnings in the past year.
HAI had a positive operating cash flow in the past year.
In multiple years HAI reported negative net income over the last 5 years.
Of the past 5 years HAI 4 years had a positive operating cash flow.
1.2 Ratios
HAI has a Return On Assets of -0.70%. This is in the better half of the industry: HAI outperforms 66.67% of its industry peers.
HAI has a better Return On Equity (-1.06%) than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.7% | ||
| ROE | -1.06% | ||
| ROIC | N/A |
ROA(3y)-0.57%
ROA(5y)0.07%
ROE(3y)-1.12%
ROE(5y)1.21%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
HAI's Profit Margin has declined in the last couple of years.
In the last couple of years the Operating Margin of HAI has declined.
With an excellent Gross Margin value of 73.26%, HAI belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Gross Margin of HAI has remained more or less at the same level.
The Profit Margin and Operating Margin are not available for HAI so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 73.26% |
OM growth 3YN/A
OM growth 5Y-9.63%
PM growth 3YN/A
PM growth 5Y-6.09%
GM growth 3Y-0.8%
GM growth 5Y-0.55%
2. Health
2.1 Basic Checks
HAI does not have a ROIC to compare to the WACC, probably because it is not profitable.
HAI has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, HAI has more shares outstanding
HAI has a better debt/assets ratio than last year.
2.2 Solvency
HAI has an Altman-Z score of 2.73. This is not the best score and indicates that HAI is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.73, HAI is in line with its industry, outperforming 58.33% of the companies in the same industry.
HAI has a debt to FCF ratio of 3.50. This is a good value and a sign of high solvency as HAI would need 3.50 years to pay back of all of its debts.
HAI has a better Debt to FCF ratio (3.50) than 66.67% of its industry peers.
HAI has a Debt/Equity ratio of 0.13. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.13, HAI is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 3.5 | ||
| Altman-Z | 2.73 |
ROIC/WACCN/A
WACC8.57%
2.3 Liquidity
HAI has a Current Ratio of 1.49. This is a normal value and indicates that HAI is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.49, HAI perfoms like the industry average, outperforming 58.33% of the companies in the same industry.
A Quick Ratio of 1.14 indicates that HAI should not have too much problems paying its short term obligations.
HAI has a Quick ratio (1.14) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.49 | ||
| Quick Ratio | 1.14 |
3. Growth
3.1 Past
The earnings per share for HAI have decreased strongly by -133.33% in the last year.
The Earnings Per Share has been growing slightly by 2.25% on average over the past years.
The Revenue for HAI has decreased by -11.61% in the past year. This is quite bad
Measured over the past years, HAI shows a quite strong growth in Revenue. The Revenue has been growing by 11.82% on average per year.
EPS 1Y (TTM)-133.33%
EPS 3Y-16.75%
EPS 5Y2.25%
EPS Q2Q%-366.67%
Revenue 1Y (TTM)-11.61%
Revenue growth 3Y11.84%
Revenue growth 5Y11.82%
Sales Q2Q%0.35%
3.2 Future
The Earnings Per Share is expected to grow by 47.93% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 1.69% on average over the next years.
EPS Next Y-42.77%
EPS Next 2Y47.93%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-6.37%
Revenue Next 2Y1.69%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
HAI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
HAI is valuated correctly with a Price/Forward Earnings ratio of 15.99.
HAI's Price/Forward Earnings ratio is rather cheap when compared to the industry. HAI is cheaper than 91.67% of the companies in the same industry.
HAI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.74, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 15.99 |
4.2 Price Multiples
HAI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. HAI is cheaper than 66.67% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, HAI is valued a bit cheaper than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.68 | ||
| EV/EBITDA | 21.35 |
4.3 Compensation for Growth
A more expensive valuation may be justified as HAI's earnings are expected to grow with 47.93% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y47.93%
EPS Next 3YN/A
5. Dividend
5.1 Amount
HAI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TSX:HAI (7/4/2025, 7:00:00 PM)
5.25
+0.12 (+2.34%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)
Earnings (Next)
Inst Owners4.34%
Inst Owner ChangeN/A
Ins Owners35.73%
Ins Owner ChangeN/A
Market Cap145.58M
Analysts72.5
Price Target5.58 (6.29%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-352.02%
Min EPS beat(2)-496.04%
Max EPS beat(2)-208%
EPS beat(4)0
Avg EPS beat(4)-201.09%
Min EPS beat(4)-496.04%
Max EPS beat(4)-16.83%
EPS beat(8)2
Avg EPS beat(8)-91.31%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)1.11%
Min Revenue beat(2)-8.26%
Max Revenue beat(2)10.48%
Revenue beat(4)1
Avg Revenue beat(4)-6.07%
Min Revenue beat(4)-15.73%
Max Revenue beat(4)10.48%
Revenue beat(8)3
Avg Revenue beat(8)-2.28%
Revenue beat(12)6
Avg Revenue beat(12)0.42%
Revenue beat(16)7
Avg Revenue beat(16)-1.1%
PT rev (1m)2.96%
PT rev (3m)2.96%
EPS NQ rev (1m)-66.67%
EPS NQ rev (3m)-66.67%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-0.64%
Revenue NQ rev (3m)-2.05%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 15.99 | ||
| P/S | 1.18 | ||
| P/FCF | 33.68 | ||
| P/OCF | 21.63 | ||
| P/B | 1.58 | ||
| P/tB | 4.01 | ||
| EV/EBITDA | 21.35 |
EPS(TTM)-0.04
EYN/A
EPS(NY)0.33
Fwd EY6.25%
FCF(TTM)0.16
FCFY2.97%
OCF(TTM)0.24
OCFY4.62%
SpS4.44
BVpS3.32
TBVpS1.31
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.7% | ||
| ROE | -1.06% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 73.26% | ||
| FCFM | 3.51% |
ROA(3y)-0.57%
ROA(5y)0.07%
ROE(3y)-1.12%
ROE(5y)1.21%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5Y-9.63%
PM growth 3YN/A
PM growth 5Y-6.09%
GM growth 3Y-0.8%
GM growth 5Y-0.55%
F-Score5
Asset Turnover0.87
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 3.5 | ||
| Debt/EBITDA | 1.85 | ||
| Cap/Depr | 26.53% | ||
| Cap/Sales | 1.95% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 101.46% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.49 | ||
| Quick Ratio | 1.14 | ||
| Altman-Z | 2.73 |
F-Score5
WACC8.57%
ROIC/WACCN/A
Cap/Depr(3y)15.44%
Cap/Depr(5y)18.5%
Cap/Sales(3y)1.1%
Cap/Sales(5y)0.9%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-133.33%
EPS 3Y-16.75%
EPS 5Y2.25%
EPS Q2Q%-366.67%
EPS Next Y-42.77%
EPS Next 2Y47.93%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-11.61%
Revenue growth 3Y11.84%
Revenue growth 5Y11.82%
Sales Q2Q%0.35%
Revenue Next Year-6.37%
Revenue Next 2Y1.69%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-127.67%
EBIT growth 3YN/A
EBIT growth 5Y1.06%
EBIT Next Year-88.14%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y25.81%
FCF growth 3Y129.93%
FCF growth 5Y25.45%
OCF growth 1Y51.57%
OCF growth 3Y106.42%
OCF growth 5Y25.22%